business ethics finals

Question 1

4 stake holders

Answer 1

government, corporators, consumers, & employees

Question 2

government: law

Answer 2

nir or national internal revenue

Question 3

government: implementing agency

Answer 3

bir or bureau of internal revenue

Question 4

corporators: law

Answer 4

corporation code of the ph

Question 5

corporators: implementing agency

Answer 5

securities and exchange commisson

Question 6

consumer: law

Answer 6

consumer act of the ph

Question 7

consumer: implementing agency

Answer 7

dept of trade and industry, dept of health, & dept of agriculture

Question 8

employees: law

Answer 8

labor code of the ph

Question 9

employees: implementing agency

Answer 9

dept of labor and employment

Question 10

government: rights

Answer 10

tax

Question 11

corporators: rights

Answer 11

fairness, accountability, and transparency

Question 12

consumers: right

Answer 12

quality service/product

Question 13

employees: rights

Answer 13

rights of employees

Question 14

4 prohibited act for employees

Answer 14

witholding of wages, reduction of wages, diminution of benefits, & illegal termination

Question 15

law, implementing agency, fine, & imprisonment: witholding of wages

Answer 15

labor code of the ph, dole,1k - 10k, & 3months - 3 years imprisonment

Question 16

penalty: illegal termination

Answer 16

reinstatement, backwages, separation pay

Question 17

2 exemptions for no return/refund policy

Answer 17

2nd hand & change of mind

Question 18

law, implementing agency, fine, & imprisonment: manufacture, scale, distribution, importation, of products that do not comply with the safety and quality (substandard)

Answer 18

consumer act of the ph, dti/doh/doa, 1k - 10k, & 2months - 1year imprisonment

Question 19

law, implementing agency, fine, & imprisonment: manufacture, importation, sale, distribution, importation of unlicensed food, drug, cosmetics, and devices

Answer 19

consumer act of the ph, dti/doh/doa, 5k - 10k - & 1year - 5years imprisonment

Question 20

law, implementing agency, fine, & imprisonment: sale of expired drugs or medicines

Answer 20

consumer act of the ph, doh, 5k - 10k - & 1year - 5years imprisonment

Question 21

law, implementing agency, fine, & imprisonment: reduction of wages

Answer 21

labor code of the ph, dole, 1k -10k, & 3months - 3years imprisonment

Question 22

law, implementing agency, fine, & imprisonment: diminution of benefits

Answer 22

labor code of the ph, dole, 1k -10k, & 3months - 3years imprisonment

Question 23

3 price act

Answer 23

hoarding, profiteering, & cartel

Question 24

accumulation of commodities or refusal to dispose the products

Answer 24

hoarding

Question 25

selling an item in unreasonable price in excess of its real value

Answer 25

profiteering

Question 26

agreement between 2 or more business to manipulate the price of commodities

Answer 26

cartel

Question 27

law, implementing agency, fine, & imprisonment: hoarding, profiteering, & cartel

Answer 27

price act, dti, 5k - 20m, & 5years - 15years imprisonment

Question 28

food in pure form

Answer 28

basic necessity

Question 29

plywood, hollowblock, canned goods

Answer 29

prime commodities

Question 30

5 scandal

Answer 30

enron corporate scandal, lehman brothers, bernie madoff scandal, tyco international scandal, & wordcom scandal

Question 31

large energy, commodities, and services company based in Houston, Texas

Answer 31

enron company

Question 32

2 ceo of enron

Answer 32

kenneth lay & jeffrey skillimg

Question 33

putting loans into a dummy company and recording good transactions even though they didnt happen

Answer 33

mark to market

Question 34

an american investment bank that had a significant impact on the global financial industry

Answer 34

lehman brothers

Question 35

to temporarily remove securities and troubled liabilities from balance sheet while reporting its quarterly financial results to the public. selling assets to the banks they loaned

Answer 35

repo 105

Question 36

chair of the Nasdaq stock market in 1990

Answer 36

bernie madoff

Question 36

worst american ceo. belligerent and unrepentant

Answer 36

richard fuld jr

Question 36

deposited client funds into a single bank account that he used to pay existing clients who wanted to cash out.

Answer 36

bernie madoff scandal

Question 36

was an American telecom company. The Company grew rapidly and became the third largest telecommunications company in the United States during the year 1988- 1994.

Answer 36

worldcom

Question 36

cfo of worldcom

Answer 36

scott sullivan

Question 37

a mental resilience exercise where you metaphorically fill a 'cookie jar' with past successes or positive experiences

Answer 37

cookie jar

Question 37

eldest son committed suicide and another child of him died due to cancer

Answer 37

bernie madoff scandal

Question 37

a type of investment fraud in which investors are promised big profits at little or no risk.

Answer 37

ponzi scheme

Question 38

ceo of worldcom

Answer 38

bernard ebbers